Import volume crashes by 60% at Lagos Port
Import volume crashes by 60% at Lagos Port
Findings by the Nigerian Tribune have revealed that some Nigerian port terminals, most especially Roll-On Roll-Off terminals, may be forced into shedding their staff strength due to the drop in volume of import units of vehicles by 60 percent.
Checks by the Nigerian Tribune revealed that some Roll-On Roll-off terminals which used to handle 300,000 units of vehicle imports now barely do 100,000 units due to various reasons which include Naira devaluation, high cost of Customs Duty and cost of petrol.
Speaking with the Nigerian Tribune exclusively, the Managing Director of Grimaldi Nigeria, operators of Ports & Terminal Multiservices Ltd, Mr. Ascanio Russo lamented that the terminal has been forced to streamline its operations due to the sharp drop in volume of Importations.
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